Latin America suffers about 4 billion USD in economic losses due to Zika

14:22 | 26/02/2016 Global Economy

The economic impact of the Zika virus in Latin America and the Caribbean is estimated to be almost 4 billion USD, including lost revenue and damage, said the World Bank (WB) this week.

Latin America suffers about 4 billion USD in economic losses due to Zika

According to a WB study published on Monday, the figure includes 3.5 billion USD in lost revenue as a consequence of the virus, .06% of the Gross Domestic Product of the region, and 420 million USD as a tax impact.

The World Bank said a moderate scenario could lead tourism-dependent nations in the Caribbean to suffer losses of more than one percent of their GDP, which would require a bail out by the international community.

The economic impact will be reassessed as public perception of the risks increases./.

 

Source: VOV5

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